In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.
Read More »Qatar Responds to Sanctions with New Bunkering Solutions
The ports’ decision to reject Qatari vessels was in line with the UAE government’s move to sever diplomatic ties with Qatar.
Read More »Azerbaijan’s Non-Oil Economy Grows
The volume of Azerbaijan’s GDP in the oil and gas sector decreased by 6.5 percent in January-May 2017.
Read More »Uzbekistan Studying Prospects of Joining TAPI
The total length of the TAPI pipeline will be 1.814 kilometers.
Read More »Sasol awards consultancy contract to Petroplan
Petroplan already has a long-standing working relationship with Sasol through the provision of both contract and permanent oil and gas professionals in the UK and South Africa.
Read More »BP Keeps Azerbaijan’s Proved Oil Reserve Estimates Unchanged
Oil production in Azerbaijan stood at 826.000 barrels per day. or 1.6 percent less than in 2015. according to the report.
Read More »Iran Doubles Nuclear Electricity Generation
Iran’s total actual electricity generation level reached 286 TWh in 2016. the company'.s Statistical Review 2016 indicates.
Read More »Vitol Closes Deal for Purchase of Petrol Ofisi Filling Station Network in Turkey
The total value of the transaction is 1.368 billion euros.
Read More »BP: Global Gas Consumption Slows Down
EU gas consumption increased sharply by 30 bcm. or 7.1 percent - the fastest growth since 2010. Russia saw the largest drop in consumption of any country (-12 bcm).
Read More »OPEC Expects Non-OPEC Oil Supply to Increase in 2H2017
In 2017. non-OPEC oil supply is projected to grow by 0.84 million barrels per day.
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